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Embracing New Technology: More Small Businesses Taking Credit/Debit Payments

Small business owners look like they’re embracing new technologies when it comes to the types of payments their businesses will accept, allowing more in-person credit and debit card payments using point-of-sale terminals. According to the latest Wells Fargo/Gallup Small Business Index conducted in early October, 39% of business owners now accept credit or debit card payment, up from 31% in ... Read More »

P3 Projects in China Rise at Steep Pace

Public-private partnerships (P3s) in China that are used to build up infrastructure, among other projects, have been increasing in number and investment value as more projects are set to be implemented this year, according to a new report by Moody’s Investors Service. “Support from the central government has resulted in positive regulatory developments in China’s Public-Private Partnership (PPP) framework, thereby ... Read More »

Large Banks Pile into Blockchain Trading Platform Project

Large, multinational banks are partnering together to build a new global trade finance platform using Blockchain technology. According to a report in Global Trade Review (GTR), Commerzbank, Bank of Montreal, Erste Group and CaixaBank are joining a project underway by UBS and IBM dubbed Batavia in an expansion of a proof of concept that IBM and UBS launched at Sibos ... Read More »

US Business Climate: Small Business Optimism Takes a Dive

Led by a severe drop in sales expectations across the country, the Index of Small Business Optimism from the National Federation of Independent Business (NFIB) slid from 105.3 to 103 in September. “The temptation is to blame the decline on the hurricanes in Texas and Florida, but that is not consistent with our data,” said NFIB President and CEO Juanita ... Read More »

Asian Development Survey Suggests Fintech, Digitization Still Not Significantly Impacting Trade Finance Gap

Banks and companies in the trade finance sector are increasingly using digital solutions to address companies’ significant and unmet financing needs. Yet the global trade finance gap—estimated at $1.5 trillion, with approximately 40% originating in Asia and the Pacific—persists in a stable state, with emerging economies and small- and mid-size enterprises (SME) bearing the brunt of financing shortfalls. More than ... Read More »

Goodbye Call Centers?

85 percent of customer interactions will be with software robots in 5 years’ time: Study Artificial Intelligence (AI) decision makers say that 85 percent of customer interactions will be with software robots in five years’ time. And most of these decision makers (84 percent) fear they are lagging behind their competitors in the use of AI to improve the customer experience, ... Read More »

US Credit Climate: Small-Business Optimism Heads for Record Levels

A surge in capital spending and high sales expectations have caused a streak of historically high performances dating back to November to continue in the Index of Small Business Optimism from the National Federation of Independent Business (NFIB).  The percentage of small-business owners who plan to make capital expenditures in the near term is at its highest level since 2006. ... Read More »

Tightening of Short-term Business Loans in China Worries Some Analysts

The rate of short-term, non-financial corporate bank loans to companies in China has fallen in recent months to less than 1% from a high of 4.8% growth in January 2016.  The tightening—a result of Chinese policymakers’ shift to reduce debt in sectors with excess capacity like iron and coal production—is helping improve China’s overall creditworthiness, notes a recent report in ... Read More »

Credit Management Index (CMI) Could Begin Summer with Firm Rebound

The numbers in NACM’s June Credit Managers’ Index (CMI), which will be released Friday at nacm.org, are likely to reflect a strong monthly rebound in business conditions. The index has been on a roller-coaster ride over prior months, mirroring the volatility in many kinds of economic data streams. “The fact is that there are contradictory waves coursing through the economy as ... Read More »

ICISA Trade Credit Members Insured over 2.3 trillion in 2016

Growth in global trade reflected in high exposure figures Increased demand for surety under soft market conditions Trade credit insurance Total premium income decreased by -3.4% to €6 billion in a competitive market Claims paid or 2016 stands at a total sum of €2.9 billion Claims ratio 2016: 48.3% (2015: 50.4%) Insured exposure increased by +2%. Total insured exposure over ... Read More »

Encompass Corporation Gains International Standard for Information Security Management

Encompass Corporation, one of the leading Powerlist RegTech companies, has gained ISO/IEC 27001 – 2013 certification. ISO/IEC 27001 – 2013 is the de facto international standard for information security management and formally recognises that a company has an information management security system that is under explicit management control. Encompass Corporation works with some of the world’s largest data providers and ... Read More »

China Sees Rise of Fintech E-payment Tech Firms

The rise of electronic payments providers in China is facilitating more online consumption and “omni-channel retailing” and may serve as a source of competition to traditional retailers and banking operations going forward. “The rise in the usage of e-payments is positive for internet companies and most service and consumer-related companies, although it could also be negative for some companies in ... Read More »

ACCIS Annual AGM & Conference 2017

WELCOME TO THE ACCIS AGM & CONFERENCE 2017  This year’s event will take place in the luxury collection Hotel Bristol, in the old town of Warsaw, Poland from 7th-9th June 2017. ACCIS is delighted that BIK, the host country bureau, will be our main sponsor for conference. BIK are enjoying their 20th anniversary in 2017 and we are pleased to be ... Read More »

US Risk Climate: Small Business Owners Remain Optimistic

A surge in small business optimism that started last November was continued in March, according to the National Federation of Independent Business’ (NFIB) Small Business Optimism Index. Though the index slipped slightly, it still posted a strong reading, with gains in actual earnings, capital expenditure plans and job-creation plans. Sales expectations, however, dropped eight points, signaling that the index could ... Read More »

Moody’s Database Reveals Insights into Corporate Debt Structure

Analysis of data from a database of debt instruments from Moody’s Investors Service may yield helpful insights ahead of the next economic downturn. The data reveals how default types change over time, how recoveries differ depending on the instrument’s position in a company’s debt structure and whether private-equity ownership influences recovery rates. Moody’s Ultimate Recovery Database traces close to 5,500 ... Read More »